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There is a new stock with an issue price of more than 135.00 yuan, as high as 135.80 yuan, especially his issuance price-earnings ratio is more than 100 times, as high as 109.28 times.
What is more interesting is that the demand for enterprises to raise funds is 660 million yuan, but the funds raised by him are as high as 1.7994 billion yuan, and the issuance expenses are more than 160 million yuan, as high as 168 million yuan.
However, after he went public, the stock price showed a continuous decline, a continuous decline, a sharp decline, the opening was the peak, and the opening appeared a historic high price of 201 yuan.
However, immediately after that, the stock price fell sharply, so that it fell below 100.00 yuan, and now it is still hovering and fluctuating around 105 yuan.
If calculated purely on the basis of its issue price of 135.80 yuan, its decline was more than 24%, reaching 24.16%.
If calculated by the opening price, which is the historical high price of 201.00 yuan, its decline is as high as 32.4%.
Even in the case of winning the lot, the loss amount per sign is as high as 21,000 yuan.
This kind of high-priced issuance, high-price-earnings ratio issuance, no matter from which point of view, as long as the market participant, whether you apply for new shares, or make corresponding purchases in the secondary market, will show continuous losses, large losses.
In the short term, the loss can be more than 20%, and in the case of secondary market purchases, the short-term loss can be as high as 30%.
However, there are two corresponding entities, but they have made a lot of money, one is the enterprise itself, in addition to the issuing enterprise itself, the over-raised funds reached 1.136 billion yuan, the total amount of raised funds was as high as 1.799 billion yuan, and the over-raised funds reached 172.57%, reaching more than 1.7 times.
The other is the corresponding intermediary fee of 170 million yuan.
Whether it's gain, satisfaction, happiness, it's all.
Through the issuance of a share, and the issuance of a particularly small share capital, the capital raised from the secondary market reached 1.8 billion yuan, while the total share capital of the enterprise itself was only 53 million, and the outstanding share capital was only 11.8 million shares.
He went public for three months, which led to three consecutive declines.
Even in this case, the trend is still continuous downward and still runs in a relatively standard arrangement of bears.
Whether it is a medium-term moving average, a short-term average, or a long-term average, like one ruler after another, suppressing the stock price of his secondary market, continuous decline, continuous decline.
From the perspective of pure trend, the continuous creation of new lows in stages is the objective requirement of its trend.
What is the name of such a breed?
Its name is West Mountain Technology.
Purely from the perspective of his stock price in the secondary market, his stock price has fallen from 201 yuan to about 100 yuan, the decline has reached more than 50%, the total market value of the stage is 5.449 billion, and the circulating market value is 1.22 billion.
Why does Xishan Technology have such a high issuance price, especially such a high P/E ratio?
One of the important reasons is that it is a key variety belonging to the healthcare sector, and its main business is the research and development, production and sales of surgical power units.
From the perspective of his operating income composition, the operating income of surgical power devices accounted for 97.26% of the main business income, and the operating income of other industries accounted for 2.38% of the main business income.
Judging from the company's operating performance in the past three years, it has shown sustained growth, or even substantial growth.
However, in 2019, the company is still in a state of loss, and the amount of loss does not reach 54.2 million yuan.
In 2020, the net profit attributable to the parent company reached 14.19 million, a year-on-year increase of 126%.
In 2021, the net profit showed a significant increase, with an increase of more than 330% to 332%.
In 2022, the amount of net profit realized by the enterprise will reach 73.35 million yuan, which still shows a growth pattern, but the proportion of growth has decreased, and the proportion of growth is 22.7%.
From the perspective of the company's total operating income, in the past three years, it has also shown a rapid growth trend. In 2020, the company's total operating income was 127 million yuan, and in 2021, the company's operating income was 209 million yuan, a year-on-year increase of 63.9%.
The proportion of growth in 2022 is 25%, but among the two main financial indicators, the ratio of total operating income to the growth of net profit of the enterprise cannot be completely consistent. In 2021, the company's net profit increased by 332%, while the proportion of total operating income growth was 63.9%.
In 2022, the proportion of total operating income growth is 26%, and the proportion of corporate net profit growth is 22.7%.
What is more interesting is that whether before or after the listing of the company, the proportion of assets and liabilities is relatively low. In 2021, the ratio of assets to liabilities was 19.3%, in 2022 the ratio of assets to liabilities was 22%, and in the 2023 half-year report, the ratio of assets to liabilities was only 4.4%.
From his basic earnings per share, it shows staged, substantial growth, and even leapfrog growth. In 2020, basic earnings per share were 0.46 yuan, and in 2022, basic earnings per share were as high as 1.89 yuan.
From the perspective of the market value of the industry, among the 41 industries that have been listed, the phased circulation market value of Xishan Technology is 5.565 billion yuan, ranking 25th in the industry.
An enterprise with only a total share capital of 50 million yuan has overraised 1.1 billion yuan in the issuance of new shares, and the raised funds are about 1.8 billion yuan.
A one-time overdraft of the company's expected earnings for the next few years.
In terms of the over-raised funds of 1.1 billion yuan, how many years can the company exceed the net profit of 1.1 billion yuan?
Is it the next ten years, the next 20 years, or the next 30 years?
But this practice of eating grain is a one-time harvest of leeks for the next ten or 20 years.
Both investors participating in the subscription and investors in the secondary market will incur substantial losses.
Turn a good and even future quality blue chip into a real super garbage and throw it at the secondary market.
Then harm others in the market, and the stock price in the market will fall sharply, continue to fall, trap investors in the market, and trap the corresponding index in the market.
At the same time, it also brings a relatively large break to the market environment.
What do you think about this situation?
And how will you operate it?